July 2, 2017
Half-year Results | Wing Tai Holding and Support Resistance
Wing Tai, Singapore listed Stock.
Picture worth a thousand words. Trend is up. Price performance is double than last year, reference the chart below.
After a decline in 2016 and reach the bottom, the price start to bounce up. the price action retest, the last resistance, high of 2016 in the chart. Price action start to move north. It test and retest the resistance turns support.
A bar close below last bar, but just a little lower than last bar. Too early to judge, the price may drift south but this may be just a zigzag movement. WOMD before you decide the trend.
June 30, 2017 Wing Tai Holdings and Support Resistance
When you analyse one bank in Singapore market, you must also check out the other two major local bank, UOB, and DBS.
Moses Stock Analysis
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
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